Banco do Brasil announces voluntary redundancy program for 300 employees

Banco do Brasil announced this Monday (7th) the opening of a PAQ (Staff Adaptation Program) aimed at a group of approximately 300 employees.

“The program’s target audience is about 300 advisory positions and allows for the voluntary dismissal of employees, among other measures of movement”, says the statement to the market released by the bank.

Admissions can be made between March 8 and 25, 2022. The bank expects that the program will not have a material impact on its results.

The state-owned bank, which ended 2021 with 84,597 employees and 3,979 branches, last month announced a record annual net profit of R$21 billion in 2021, which corresponded to a growth of 51.4% compared to the previous year.

“We are against the reduction of the number of employees. We would like to see an increase in hiring”, says João Fukunaga, coordinator of CEBB (Corporate Commission of Employees of Banco do Brasil) and leader of the Bank Workers Union of São Paulo, Osasco and region .

According to Fukunaga, the tenders held recently by the bank met a one-off demand for staff, but were not able to alleviate the service at the branches.

“The staff adaptation program is another way to reduce the total number of employees, which harms an entire production chain within the bank”, says the director.

At the end of February, Itaú also announced the opening of a voluntary resignation program, with an enrollment period scheduled to begin at the end of March.

The program’s criteria include being away for more than 30 days, being over 60 years old and working in areas that “will have their structure adapted to the reality of the market”. Itaú did not detail which sectors these would be.

The largest private bank in the country had a net profit of BRL 26.879 billion last year, up 45% compared to 2020.

Benefiting from an environment of resumption of activities after the stoppage caused by the pandemic, the four large banks (Itaú Unibanco, Bradesco, Santander and BB) reported a consolidated net profit of R$ 81.632 billion in 2021.

The nominal value (without discounting inflation) represents a growth of 32.5% compared to 2020, according to a survey prepared by financial information provider Economatica — a record, having been slightly above the previous peak of BRL 81.508 billion recorded in 2019. .